Hannah Miet, Hannah Miet Consulting
How AI is Shaping the Future of Real Estate Investment
Guest: Hannah Miet, Hannah Miet Consulting
I first came across Hannah in this article on the Urban Land Institute website, Artificial Intelligence’s “Bad Data” Problem for Real Estate Investment.
In today's easywin.ai episode, Hannah and I look at applications of AI and data science in real estate, drawing on the article she wrote for the ULI.
Key topics covered:
- Importance of standardized data and data normalization in commercial real estate.
- Impact of AI on decision-making and data analysis in real estate.
- JLL's venture capital fund for prop tech (https://www.us.jll.com/en/trends-and-insights/technology-and-innovation/jll-spark-global-venture-fund)
- AI-driven platforms like Skyline AI's investment management tool (https://www.skyline.ai/)
- AI's role in improving processes, making accurate decisions, and staying competitive in real estate.
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Highlights of the conversation:
- Generative AI's ability to automate processes and create new content.
- Analytical AI's strength in data crunching and prediction models.
- Examples of AI use in predicting rent for industrial properties and automating project management.
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From Hannah:
Why should real estate professionals pay attention to AI?
- AI can assist with tasks, eliminate manual data entry, smooth processes, and increase accuracy.
- Professionals who ignore AI risk falling behind, as AI can effectively synthesize data, providing a competitive edge.
How do you use AI on a daily basis?
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Uses AI tools like Canva for designing materials and Jasper AI for writing and brainstorming.
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Canva's AI helps create tailored templates (www.canva.com).
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Jasper AI aids in brainstorming, structuring content, and writing job descriptions (www.jasper.ai).
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Any easy wins for listeners to try with AI?
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Use Secta Labs, an AI headshot generator.
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By uploading photos, it generates numerous high-quality headshots with different outfits and backgrounds.
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Many results are impressively accurate and useful.
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Website: www.secta.ai
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